Updated Oct 28, 2024
The Simms/Mann Family Foundation Acquires Mixed-Use Property In Santa Barbara For $13.9M
126 East Haley Street, Santa Barbara, CA, USA
$13,900,000
$419/SF
Building Size
33,133 SF
Asset Type
Mixed-use
Closing
Sep 13, 2021
About this deal
AI
The Simms/Mann Family Foundation has acquired a mixed-use property in Santa Barbara for a total of $13,900,000. The property, located at 126 East Haley Street and 417 Santa Barbara Street, spans approximately 33,133 square feet. With a price per square foot of $419, this transaction represents a notable addition to the Santa Barbara market.
Summary of transation details
- Property Type: Mixed-use
- Transaction Amount: $13,900,000
- Address: 126 East Haley Street & 417 Santa Barbara Street, Santa Barbara
- Market: Santa Barbara
The seller, Cameron Pacific, represented by Brian Lezak and The Miller Family Companies, completed the transaction with the assistance of the brokerage team consisting of Sean Fulp, Mark Schuessler, and Ryan Plummer from Newmark, Paul Gamberdella from Radius Commercial Real Estate, and Willa Fields from Beitler Commercial. Their expertise and efforts contributed to the successful completion of this deal.
On the Map
$13,900,000
$419/SF
Mixed-use
View full map
Players
Santa Barbara Mixed-use Market Snapshot
Boundary boundary · Mixed-use · Sale transactions
Loading comparables…
Deal FAQ
Visit Willa Fields to view all their deals.
Browse California mixed use sales on Traded.
Purchase Price
Annual NOI
Loan Amount
Interest Rate (%)
Loan Term (yrs)
Down Payment (%)
Cap Rate
1.14%
Cash-on-Cash
-0.33%
Monthly Payment
$14,164
Annual Debt Svc
$169,964
Annual Cash Flow
$-11,334
DSCR
0.93